Application for renewal of bank guarantee / Fixed deposit

Renewal of Bank Guarantee
Please type the following matter on a non-judicial stamp paper of Rs.100/- or the value
prevailing in the State where executed, whichever is higher and duly signed:
“This non-judicial stamp paper of Rs.………….. forms part and parcel of this extension letter
dated ………….for Bank guarantee bearing no ………………..dated …………….issued in favour of
National Spot Exchange Ltd. by us for M/s/Mr./Ms. ……………………………………………………...”
FOR ………………………………….. (BANK)
………………………………….. (BRANCH)
AUTHORIZED SIGNATORIES
SEAL OF THE BANK
Contd..

Annexure-7 contd.
Format of Renewal of Bank Guarantee
Date : ………………..
The Managing Director
National Spot Exchange Ltd.
FT Tower, 4 th Floor
Suren Road, Chakala, Andheri (East),
Mumbai – 400 093.
We, ………………………………………(Bank) having our registered office at ………………………….and
our branch office at ……………………………….refer to the Bank Guarantee number:
………………executed by us on the ……………..day of ………………2008. at ……………(hereinafter
referred to as "Said Guarantee") on account of Mr. / Ms./ M/s. ……………………………..having
his/her/ its/registered office at ………………………………(hereinafter referred to as a 'Member')
for a sum of Rs ………………….. (Rupees …………………..only) in favour of National Spot Exchange
Limited (hereinafter referred to as "NSEL").
The validity of the Said Guarantee was upto ………………….
We now at the request of the /Member further extend the period of validity of the Said
Guarantee upto …………….and unless a demand under this guarantee is made on us in writing
by NSEL within three months after the date of expiry of this guarantee i.e on or before
………………….all the rights of NSEL under this guarantee shall cease and the bank shall be
relieved and discharged from all liabilities thereunder.
The Said Guarantee may be invoked by NSEL in part(s) without affecting its rights to invoke
the Said Guarantee for any liabilities that may devolve later.
We hereby affirm and confirm that save and except to the extent as provided for herein
above, the Said Guarantee together with all other terms and conditions therein shall remain
operational and in full force and effect till ………………
Signed for and on behalf of ……………………..on this …………..day of ………………..at ………………
FOR ………………………………………….. (BANK)
………………………………………….. (BRANCH)
AUTHORIZED SIGNATORIES
SEAL OF THE BANK
Note:
Each page should bear the bank guarantee number and should be signed by two
authorised signatories of the bank.
All the blanks in the renewal format are required to be filled by the issuing bank
affixing rubber stamp and signing against each blank.

Annexure-8
Letter to be given by the Member for release of Bank Guarantee (BG) kept as
Additional security deposit
(On the letter head of the member)
Date:____________
The Clearing and Settlement Department,
National Spot Exchange Limited,
FT Tower, 4 th Floor,
Suren Road, Chakala, Andheri (East),
Mumbai – 400093
Dear Sir,
Sub: Release of Bank Guarantee (BG) kept as additional security deposit
Clearing Member Code: __________
We wish to withdraw the following Bank Guarantee/s kept as additional security deposit.
Sr. No. BG No. Date of
Expiry
Issuing Bank
Amount (Rs.)
We request you to consider our request for release of the above-mentioned BG as per
applicable norms of the Exchange.
Yours faithfully
For (name of the member)
Authorised Signatory
Name:
Designation:

Letter to be given by the Member for release of FDR kept as Additional security
deposit
(On the letter head of the member)
Date: ____________
The Clearing and Settlement Department,
National Spot Exchange Limited,
FT Tower, 4 th Floor,
Suren Road, Chakala, Andheri (East),
Mumbai – 400093
Dear Sir,
Sub: Release of Fixed Deposit Receipt (FDR) kept as additional security deposit
Clearing Member Code: __________
We wish to withdraw the following Fixed Deposit Receipts (FDR) kept as additional security
deposit.
Sr. No. FDR No. Date of
Expiry
Issuing Bank
Amount (Rs.)
We request you to consider our request for release of the above-mentioned FDRs as per
applicable norms of the Exchange.
Yours faithfully
For (name of the member)
Authorised Signatory
Name:
Designation: